The retailer collects the turnover tax from all its transactions and regularly sends the turnover tax to the state (usually at the end of the month). In the past, business owners have asked if we can provide interest rate charts. For your convenience, we`ve compiled charts for each of the current VAT rates your business might need. Diagrams are available under or under the forms/resources page. We have also provided a link below. To change your accounting policy, please complete our Accounting Policy Change Form. Companies can report sales on the basis of two different accounting methods. If a company buys inventory for resale, it can do so without paying turnover tax. To do this, the retailer must provide its seller with a South Dakota Certificate of Exemption.
- No categories